Property Valuations for Estate Settlement by Carol Huffman
Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly and exactly as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone in bereavement.
We've made it our company's goal in producing excellent appraisals that lawyers and accountants have come to depend on. There are specific needs for everyone; we are sympathetic to these needs and are used to to working with all parties involved. In our company, we are accustomed to dealing with legal agencies in supplying reports that exceed their necessities.
Contact us immediately to discuss your precise estate appraisal demands and how we can put our experience to work for you.
Settling an estate generally requires an appraisal to establish fair market value for the property affected. We empathize that in times like this, ordering an appraisal report is the furthest thought from your mind. Due to this, it is possible that the date of death differs from the time the appraisal is ordered. We are accustomed to the systems and requirements obligatory to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, assuring the highest degree of privacy for you and your family.
Often, people do not fully fathom the necessity in having a comprehensive appraisal prepared in support of the numbers shown in tax documents filed with revenue authorities.
An exhaustive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions. In having a report backed by Carol Huffman's professional appraisers, you will have the understanding that the numbers displayed in the appraisal will definitely demonstrate to the IRS that the numbers used are well founded and correct.
Carol Huffman ensures an substantiated appraisal report, which will give an executor solid facts and figures that will exceed IRS and state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever challenged.
One of the most significant requirements in an appraisal report is an appraiser-supported opinion of value in an exhaustive reason as to how the appraiser came to his conclusion.